European shares hit one-month low, track U.S. selloff
* FTSEurofirst 300 index falls 0.2 percent
* European shares track overseas market selloff
* Retail sector index fall the most
By Atul Prakash
LONDON, Sept 26 (Reuters) - European shares slipped to a new one-month low on Friday, with a sharp sell-off in U.S. and Asian stocks prompting investors to trim their trading positions on the last business day of the week.
The FTSEurofirst 300 index of top European shares was down 0.2 percent at 1,370.01 points by 0804 GMT after falling up to 1,367.01, the lowest level in a month. The index is down 2.3 percent this week and heads for its biggest weekly drop in almost two months.
European shares mirrored a sharp decline in other markets, with the S&P 500 suffering its biggest one-day drop since July on Thursday as Apple shares tumbled and the dollar rose to a four-year high. Major U.S. indexes fell 1.5 to 1.9 percent, while Japan's Nikkei fell 0.9 percent.
The dollar held near a four-year high against a basket of major currencies, and further gains looked likely for the U.S. currency as it boasted its the biggest yield advantage over the euro in 15 years.
"We have seen continued strengthening in the dollar and there is growing uncertainty in the market about the U.S. tightening cycle," Ian Richards, global head of equities strategy at Exane BNP Paribas. Continuación...